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May 13, 2013 8:00pm PDT
to social welfare because they are dedicated to social welfare, they don't have to pay taxes, which makes sense. and here's where the scandal part starts, exactly. what exactly counts as social welfare. how does the irs decide if your group applying for the special nontax paying status qualifies? well, here's the irs' own documentation on this classification. the irs lists as examples of social welfare organizations a group aimed at helping unemployed people over a certain age find work. a group working to build a stadium for a school district, a group dedicated to counseling for people in financial trouble, a group that subsidizes kids' tickets to sporting events to get them interested. a neighborhood beautification group and on and on. you basically get the idea, i think. now, those all sounds like the sorts of groups that should be counted as tax exempt and most people are probably more or less fine with that group not paying taxes. now, there has been a very bright line for a very long time between organizations like those and organizations that were engaged directly in political camp
May 14, 2013 4:00pm PDT
their applications for tax exempt status delayed, being forced to provide unusual information. the ig report also pointed out, this is big news. this kind of inappropriate screening by the irs officials was initiated within the irs and not because of any outside influence from the administration. but the key elements are there. the focus on groups called tea party and patriot. education of the public to make america a better place to live. that's in quote. issues such as taxes, government spending, and even criticism of how the government is being run. so now we have it. the president has it. the waiting game is over. it's time for action. and we're all looking right now at the white house to see what that action will be. chuck todd is chief white house correspondent and political director for nbc news. sam stein covers the white house for the huffington post. let's focus on the hard news right now. but i also want to focus on the reaction we expect from the president. to me, this is the big news here. all of these officials, i'm reading from the ig report, stated that the criteria were not influ
May 14, 2013 4:00pm PDT
. after paying the sales taxes and the quarterly taxes, which were followed by the edd taxes, the liabilities for small businesses like us were non stop. it would be helpful if we can attract more customer and foot traffic, but ocean avenue is a tough neighborhood. many of our customer express concern for the safety and for good reason. a few our emoyees and assaulted, burglaries and theft, intimidation and harassment. there were illegal problem around the corn er from us. we were really worried and felt helpless. after remodelling, things began to change for us. [inaudible] and she pay us a number [inaudible] which i thought was very helpful. [inaudible] give us hope and confidence that things will change and that the police department is accessible to us. supervisor yee came to our place of business to pay us a personal visit and was very sincere inwato help. i was overwhelmed good fortune to have the [inaudible] of the police department and supervisor himself. thank you supervisor yee and captain lam -- he's not here, but i want to thank him 'cause he do a lot. so yo
May 16, 2013 4:00pm PDT
in your models right now? >> our practice is to assume a 6 percent interest rate on tax exempt geo bonds. most recently we issued the bonds last summer, for the general hospital and with the emergency response as well. the cost on that is 2.71 percent and so there is a healthy. >> okay. conservative assumption. >> thank you. >> and the other thing that i would like to mention is the resolutions approved the form of documents including the official statement, which is the offering of memo who end up producing the securities and the city's disclosure in the appendix a in the official statement. it was last repaired in march of this year which the mayor's budget office and the controller's office and on a number of other departments to update the city's financial condition, and disclosure, and government and other operating data. we will update that document to include, the recently released 9 month benefit update. and the upcoming june first budget. outlining the city's outgoing covenant to disclose on a annual basis to the financial market place. i am happy to answer the questions should
May 17, 2013 2:00pm EDT
, but i represent 00,000 tax paying ericans, and they -- 600,000 tax paying americans, and they insist they are equal to americans everywhere else. for 100 years they did not have any rights. they didn't have the right to vote for president. they didn't have a right for a local government. for 100 years they were ruled by three commissioners appointed by the president. during the civil rights era that the congress became ashamed of having a local jurisdiction, that mentions capital, that did not have the same rights as other people in the united states, not even a local government, the mayor, or city council who could enact legislation affecting the local population, although this population has been paying federal income taxes ever since our country has been collecting ncome taxes. our residents have fought and died in every war our country has ever fought, including the war that created the united states of america. when you are american citizens in a jurisdiction as old and historic as the nation's capital is, you better understand that we will not have our citizenship rights taken
May 16, 2013 10:00am EDT
was then subjected to a person income tax audit. there is no way to estimate the number of additional groups who were discorged from -- discouraged from organizing because of these tactics. it appears leftist groups had their applications approved. the impact it had on the 2012 election is incalculable. this extend beyond a few low level rogue employees in cincinnati. one was awarded more than $42,000 in bonuses while she was directing what the president now calls outrageous behavior. highly intrusive and unwarranted can he hands for information also originated from the washington, d.c., office and at least two satellite i.r.s. offices in california. dr. ann hendershaw, professor d writer, exposed a george sorros front group. she said the questions put to her during a grueling audit were largely political. and this occurred from the new haven, connecticut, office. it appears that evangelical groups were also targeted, as were jewish group supporting israel. nor was this misconduct limited under groups applying under section 501. i.r.s. officials leaked confident officials to top officials in the obam
Comedy Central
May 13, 2013 11:30pm PDT
in their titles when they were applying for tax-exempt status. >> as early as march 2010 the cincinatti field office which was put in charge of evaluating applications for tax-exempt status began searching for groups with politically identifiable names. according to the "washington post" of the 298 groups selected for special scrutiny 72 had the words "tea party" in their title >> stephen: the i.r.s. owes an apology to every tea party group in america including suzy johnson and her eight stuffed animals. folks, oh, they're coming for her. folks, this is a new low for the i.r.s. what's next? making g.e. pay taxes? folks, there is only one way to describe a scandal this hot. >> this should send a chill up your spine. >> it is absolutely chilling that the i.r.s. was singling out conservative groups for extra review. >> the a.c.l.u. is talking about how chilling this is. >> this is chilling. stephen: it's chilling which also describes the champagne i've been waiting to break out for just this scandal. ( cheers and applause ). because... ( cheers and applause ). folks, this proves that everything
May 16, 2013 5:00pm EDT
. instead of health care reform, congress created a health care tax and it will be a tax paid by all americans, young, old, rich or poor. today in response to the people who have had enough, the white it's, eclared this, if the, the law. not for long. madam speaker, i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from michigan is recognized. mr. levin: i yield two minutes to another distinguished member of our committee, mr. blumenauer, from the state of oregon. the speaker pro tempore: the gentleman from oregon is recognized for two minutes. mr. blumenauer: thank you, madam speaker, this is as has been pointed out, the 37th attempt to repeal the health care reform. it's been my privilege to run 37 marathons in my career, but at least when you run a marathon, you get someplace. millions of people are benefiting from the health care reform, over a third of a million small businesses are getting tax credits to be able to help insure their employees. we are seeing aggressive efforts at better care, lower costs, eliminating lifetime
May 14, 2013 6:00am PDT
intrusion. and then the irs disproportionately targeting groups that are tax exempt that have words with the name tea party or patriot in them or issue advocacy groups. harry reid and president obama say they have zero tolerance for this kind of targeted scrutiny based on political affiliation. >> where they are investigating conservative or liberal groups, they should not be involved in this. >> obama: [ no audio. ] >> we'll be back with more show for you after the break. stay with us. (vo) this afternoon, current tv is the place for compelling true stories. >> jack, how old are you? >> nine. >> this is what 27 tons of marijuana looks like. (vo) with award winning documentaries that take you inside the headlines, way inside. (vo) from the underworld, to the world of privilege. >> everyone in michael jackson's life was out to use him. (vo) no one brings you more documentaries that are real, gripping, current. wherever your summer takes you... twist the ride. with twizzlers. the twist you can't resist. alright, in 15 minutes we're going to do the young turks. i think the n
FOX News
May 12, 2013 9:00am PDT
of tax-exempt status was part of a briefing where she learned groups were set sside for extra security if they had tea party, patriot or 912 in their title. and those with government debt had their cases stont specialists. learner ordered that criteria changed right away. but she is still saying, she is sorry. >> i think we, the irs, would like to apologize for that. it was not intentional. as soon as we found out what was going on, we took steps to plac it better. i don't expect those things to re-occur. >> reporter: after lois lerner ordered the change, her boss, the irs commissioner, denied any knowledge of targeting conservative groups ever -- at least five times. now the white house is saying if the inspector general finds any rules were broken or they didn't meet the standards required of them, the president expects that swift and appropriate steps will be taken to address any misconduct. irs commissioner, doug shulman, appointed by president bush and served for 6 years, left office in november, at the end of his term. >> shannon: he may be called back for more questions. >> i do
FOX News
May 15, 2013 10:00am PDT
, inappropriately targeting conservative leaning groups who are seeking tax exempt status, calling into question the irs's mandated impartiality. that from the ig. the tax agency targeted conservative groups with quote: unnecessary burdensome questions, end quote. about matters it had no right to ask about like their donors. the politics of those who were tied to the organization and any plans anyone connected to these groups seeking tax exempt status had to run for office. while the irs focused initially on groups with the words tea party in their names, it expanded the criteria inappropriately in the words of the i.g. to include groups with the words patriots or 9/12 in their names. those concerned about government spending, debt or taxes and groups that lobby to make america a better place to live. or, that, quote: criticize how the country is being run. all now being targeted. the ig concludes that what began as, quote: one specialist evaluating such applications evolved into a quote, team of specialists over a period of 18-plus months. the ig finds that of 298 applications the irs select
FOX News
May 18, 2013 10:00am PDT
government watchdog official reveals that members of the obama administration were aware of the tax agency's inappropriate auditing of conservative political groups as early as june of last year. right in the heat of the 2012 election season. hello, everyone. i'm kelly wright. >> what a week, kelly. big story and there is so much more. hi, everybody. i'm jamie colby. we welcome you to a brand-new hour inside america's news headquarters. kelly referring, treasury inspector general jay russell george testified during yesterday's first congressional hearing into that scandal, saying specifically that he alerted senior officials at the treasury department about what was going on. >> i subsequently alerted the general counsel of the department of the treasury on june 4 and subsequently, and i do not have the exact date -- alerted the deputy secretary, neil wollen, about this matter. >> those are just the latest revelations, raising more questions about what the obama administration knew about the irs controversy and when. molly henneberg live in washington. hi, molly. >> hi, jamie and kelly. th
FOX News
May 18, 2013 7:00pm PDT
in its review of organizations applying for tax exempt status? yes. was the irs delaying their applications? yes, and finally, did the irs ask unnecessary and inappropriate questions of applicants. again, yes. >> it was inadvertent. just some odd underlings out of cincinnati that did this and there was no political motive whatever involved. the question is how stupid do they think we are? >> geraldo: stupid or crafty, the second scandal plaguing the administration is still the spin the state department put on benghazi. >> ongoing obsession with talking points and benghazi and the attempts to politicize that. constitute a side show driven interests.or largely by >> the fact that the state department was intimately involved in this and they were taking out factual information because they were worried about the political ramifications of that, i think that is a pretty important point. >> geraldo: and perhaps the most important point or at least the scandal closest to home for working reporters the aggressive crackdown on a cia leak published by the associated press. and why
FOX News
May 19, 2013 10:00am EDT
or patriots in their titles while applying for tax exempt status. agency may have paid specific attention to religious organizations. according to religion news service, biblical recorder a baptist news and billy graham organization was targeted back in 2012 and catholic league says it was targeted after the 2008 election. at the time the irs claimed that intervened in the political campaign. the catholics united education fund claims it languished for years before the registration was approved. and chris voices for life says it was delayed in its application for tax exempt status back if 2011. other groups have cited issues and delays with the irs. lawmakers steven miller the retiring and acting irs commissioner. >> this is problem that the irs being too large, too powerful, too inintrusive and too abusive of honest, hard working taxpayers. >> he couldn't remember all the names involved he did apologize for the actions of the irs. >> commissioner, i want to apologize on behalf of the irs for the mistakes we made and the poor service that we employed. affected organizations and american p
May 16, 2013 4:00am PDT
rippling through washington. plus, why tax accountants are saying now is the time to fess up to any hidden foreign cash. that's next with bill moller. it's a scandalous week in washington. today, president obama will take questions at a news conference after revealing last night he has accepted the resignation of steve miller, the acting commssioner of the irs. the president called the misconduct of employees within the irs "inexcusable" for apparently putting extra scrutiny on tea party organizations applying for tax- exempt status. "americans have a right to be angry about it. the president is saying 'i will not tolerate this kind of behavior in any agency, but particularly the irs, given the power that it has and the reach that it has in all of our lives." meanwhile, lawmakers are calling for action. house speaker john boehner told reporters he wants to know who is going to jail for the scandal. as we know, the irs has been in trouble for partiality in investigating conservative groups. now it may be about to snoop on people like you. as it did with banks in switzerland, this government
May 13, 2013 4:30am PDT
. >>> more headlines. the city of v allejo has a welcome task. $3.2 million in tax money. more money for schools to new armored vehicles. >>> the san francisco international airport naming committee will meet today to honor the assassinated gay rights leader. he's giving up his effort to rename sfo. instead propose one of the terminal buildings. >> people living in a subdivision are trying to figure out who should be responsible as their homes sink into a hill. the homes are breaking apart above the west shore of clear lake. 8 homes are abandoned. 10 more under imminent evacuation as the ground falls away. locals say they need help and need it fast. they are going to the board of supervisors tomorrow. >> if we do have to move, we have to rent someplace or purchase another home. the home i could purchase would not be equal to this house because i couldn't afford two mortgages. it's hard to cope with. >> public works has not been able to figure out what's causing the homes to sink. geothermal activity, ground water movement and sewer leaks. >>> the warriors are now even with the spurs
May 15, 2013 5:30pm PDT
already. their job is to take our money, collect taxes. people hate the thought that it is being used for political purposes. conjures up for some of us of a certain age all kinds of bad memories. question to you is how deep do you think this goes? what came out today? >> well, i suspect we are just getting started on this. too much of what the irs initially told us was incomplete or has proven to be wrong. i think the republicans will be emboldened now that the irs commissioner has been forced out. house speaker john boehner began the day today saying he believed that laws were broken. he said, my question isn't who is going to resign. my question is who is going to jail over this scandal? now the irs continues to blame the targeting of conservatives and a few rogue employees in h the cincinnati office which handles applications for tax exempt status. sources say the irs commissioner told them two employees there have been disciplined. but a veteran lawyer told us today that this problem was not limited to cincinnati, that her clients who were also targeted received letters as well f
May 15, 2013 10:00pm PDT
improperly screened conservative groups applying for tax exempt status. it is inexcusable and americans have a right to be angry about it and i am angry about it. i will not tolerate this kind of behavior in any agency, but especially in the irs. so here is what we're going to do. first, we're going to hold the responsible parties accountable. today secretary lew took the first step by requesting and accepting the resignation of the acting commissioner of the irs because given the controversy surrounding the audit, it is important to institute new leadership that can help restore confidence going forward. second, we're going to put in place new safeguards to make sure this kind of behavior cannot happen again. third, we will work with congress as it performs its oversite role. and our administration has to make sure that we are working hand in hand with congress to get this thing fixed. congress, democrats and republicans, owe it to the american people to treat that authority with the responsibility it deserves in a way that doesn't mack of politics or partisan agendas because i think one th
May 17, 2013 2:00pm PDT
>>> death in taxes. let's play "hardball."รง >>> good evening. i'm chris matthews in washington. let me start tonight with this. call me a charlie rangel fan. today i watched him at the hearings on the irs mess. i heard him say everything i believe. it's this. if you have a problem in a company or on a team or in a government agency, you deal with it. you get rid of the bad apples. it's the one sure way, only sure way to convince people what they're seeing as bad has been removed. now, if you want the company or teamgency o government, itself, to look back, hoot and holler. don't fix the problem, don't get rid of the bad apples. let them sit there and smell up the whole barrel. let them stink up all the apples. the republicans have a lot to holler about here. they have their fat target. what i'm impressed by is the lawmakers who sees the problem, wants to actually fix it because he, like me, believes in what government can do positively. i have two members of the house ways & means committee joining me tonight. and u.s. congressman dave reichart is a republican from washington.
May 16, 2013 12:00pm PDT
:00. >>> the city of hercules says it might have to shut down its police department ty voters don't approve a tax increase next month. that is not all. new at noon we are learning about other programs that could be on the chopping block. sal castaneda is live there to let us know what is stake here. good afternoon. >> reporter: good afternoon, tory, as you mentioned hercules does have its own police department but that could change next month. hercules city officials say unless residents approve a utility tax hike the city will no longer be able to afford its own police department. on june 4th measure a will ask voters for an increase in the utility tax from 6 to 8%. >> we have been talking with the county sheriff about the costs of outsourcing police services to the county. we will probably have to go to the county if measure a doesn't pass. >> hercules is a city of 24,000 people with a 12.9 million dollar budget. the city manager says the city collects 2.2 million dollars on a 6% tax on electric, phone, water and gas bills, if the measure a is approved the city stands to collect 1 million dolla
May 18, 2013 11:30am PDT
officials want to pass specific laws that give them and collect taxes. >> obviously the tax issue would be a huge hit to everyone, people in this part of town or in the area that may not reporting the cash payments that they get to perform. all kinds issues. that's a huge cost. neighbors started complaining about bloody sheets and afterbirth and all the things that they have been dealing with but have been afraid to say anything about. these mothers don't know if they are receiving a legitimate birth certificate, we don't know if there have been any deaths or injuries because of this. >> opposition to birth tourism both by public officials and people who live nearby these operations is not just based on lost tax revenue or public nuisances. we learned that there is also a huge concern about the health and safety of the women wh come here to have their children, and the infants they bear. >> the real issue here is not -- the public safety and the health issues that we are trying to avoid the complications and to make sure these babies and these mothers are in good healthy conditions. bec
May 19, 2013 12:30pm PDT
fundraiser for mitt romney. >> three federal audits at once. tax breaks for the makers of the ads that poisoned our airwaves. >> that is also a scandal. the town isy, turning on obama. all of the ingredients are in place for a good old-fashioned pile on. i know it is christmas time for republicans. how bad is it for the president? >> it is a test. theagenda is put on hold, stories are negative, and the question is, can he take control of it? and he owned it and be the authority figure and demand answers, realistic answers people are going to accept? >> can the president get from under this one? >> can he owned his own government? he is a buy standard. i read about it in the newspaper. the attorney general asked about the ap story, the dragnet of the phone calls. i have no idea. i can't remember when i recused myself. i was having lunch of the time. these guys want to get elected, they pretend the government is something out there and they just arrived on the scene like a bystandard. >> you were born in this town. on a scale of 1-10, where is this one? >> 5. if you take them one by
May 16, 2013 3:30am PDT
to raise sales taxs? you want to raise real estate taxes 19 no way so you charge for parking and it helps muni run. and then i ought to think about fairness. i'm thinking about the northern district they balanced it between the rp p lots more meters because they have to deal r with people that work there. is it fair to 710 say that a san francisco resident can have a great parking place and other folks are so pay a lot to park. there's $2 an hour and i think a that's going to be gone because that's where their going to put the park. so i think the mta has done a job that eliminates some places that folks drive in the daylight. >> thank you very much. next speaker please. >> good morning i came here because they said this meeting would be take place and i thought this room would be occur conditioned so i came. i wanted to see if my house would be in the red zone. i think i'm directly out of it but still that kind of scares any if you put meters in that zone it will force people to park in front of my house. and then people will saying later that we need more parking meters. so really tha
May 19, 2013 12:00am PDT
a look at how we administer the mills act which allows for tax credits for owners of historic property to maintenance contracts in the city. it's been used in a very robust ways and counties in the city of california has been somewhat looser here. it was illusory for those small property owners. that became an apparent during the process around this district so i offered legislation working with the san francisco heritage and planning department for the use of the mills act. we have a usable miss act in san francisco and that was important to me because if we are telling residents in the district that they can get potential tax credits that they are in the district, i thought it was important that it should be reality and we have now made that a reality. after we went through this lengthy process with many community meetings with a lot of views expressed pro and con -- and everywhere in between, i requested the planning department conduct a survey of the property owners in the district. you may recall that i temd to have that as a requirement in article 10 and i did not get that part o
May 15, 2013 1:00am PDT
francisco and property taxes, it's over $1 billion a year. and we receive significant revenues from the business taxes and sales tax and hotel tax as well as other local sources. also important to know that about one out of every five dollars that san francisco spends comes from the state and federal government. when the federal government does things like implement a federal sequester. that has an impact here on san franciscans. if the state budget changes, that has an effect here on us. it's important to know that we have control over some of our revenue but not all of them. the mayor shared with you our five-year budget outlook. and mentioned the first two years. this is the fourth chart over with the red and black. the red bars show you how much our expenditures are projected to grow in the next five years and the black bars. we project over the five years we will have 13% more revenue, it's a strong economy. and at the same time our expenditures are expected to grow by 25%. so the gap between the growth in expenditures and revenue is what creates our budget short falls. a signi
May 19, 2013 12:00pm EDT
a lot of this looks political it me. i think they ought to do away with this tax exemption left and right. i think it is a scam, they are getting a beneficial tax treatment from the federal government to conduct political activity that they are disguising as social welfare. >> they wanted to be under section 501 c-4 of the tax code based on certain forms of taxation. it is a serious matter correct? the question is what laws may have been broken and. >> i don't know what the laws are. but there has to be some law that must have required they act reasonably and fairly and judiciously. if you give both sides the same treatment. if you are asking are members of your family going to run for political office? and you are only asking them of and people, those are the ones you give the grown light to and the others you hold back something is wrong with that. i don't know if it is criminal but it should be i don't in comparison to the tea party you have bus for progress a new jersey pron profit, they got their irs approval for a social welfare group and they got their tax exemption. anot
May 14, 2013 8:00pm EDT
's a broken promise. obamacare is raising taxes on the middle class. the supreme court made that clear. one little known tax in obamacare is a medical device tax. this is a tax on the middle class, because it will be passed directly to the consumers. pennsylvania has the fourth largest medical device industry in the nation. the medical device tax threatens innovators like a company in my district, that supports 600 good paying jobs. obamacare does not strengthen medicare. creates$716 billion and the independent advisory board which puts unelected bureaucrats between seniors and their doctors. folks are losing their health care plans, increasing the deficit and won't bring universal coverage. more than 30 million people will be uninsured in 10 years. the fact remains that three years later, president obama's health care law is a string of broken promises and damaging our families, seniors, hard-working americans and their health care and killing jobs and violating the first america rights of people of faith. it's a small wonder that some of the authors are calling it a train wreck. e america
May 16, 2013 8:00pm EDT
of the $17 trillion and $100 trillion that's coming, and that's what's wrong. we are taxing the children of tomorrow who don't have any voice in this except for mine, yours and others who decide to stand for them. they don't have any voice in this. we are taxing them so we can have more on our plate now and that's what has got to stop. and stop with the debt ceiling that will probably come up for a vote this fall. which way will we go, mr. speaker? what will we do to ensure that the children of tomorrow don't have to pay for the bills of today? it will take courage. it will take, frankly, mr. speaker, more than this congress. we can't wait for washington to do this alone. we need the help of the people. and that's why i take to the floor tonight, ultimately, mr. speaker. getting the word out. know american families, once they know the truths, they will speak that truth to power and they will demand change and demand to live within their means again because that's what every american has done before. want the next to be better off. that's what americans today want, too. and i tell this to
May 14, 2013 6:00am EDT
the effective tax rate up, going through provisions and tax code that frankly do not make a lot of sense. the other thing that we need to do, coming back to this room, as democrats especially we need to keep this in mind, how do we get those results for less money in almost everything that we do? it is almost like a culture change. trying to move a culture of spending to a culture of thrift. it is hard for one committee to do that, and possible. even if you have a lot of people interested in this stuff. even if you work with omb it is hard to get that done. even just in the general accountability office across federal government. what we try to do is alleged the effectiveness of our committee by poll -- by partnering with all the above. again, i say this is a shared responsibility, all hands on that. would you talk a bit about how you think your position, how omb can be maybe a better facilitator, a better partner in leveraging the activities? >> sure. i think that there are a couple of things that omb is particularly well positioned to do. the first is to invest in a relationship based
May 14, 2013 3:00pm PDT
are confused that they have to wait in line to get their tax groups, and i think some progressive groups were targeted as well. overwhelmingly the citizens united produced an onslot of social welfare groups applying for tax breaks, and they're on the conservative side. they went about it in a very stupid way but there will be push back, this is how the irs works. they use buzzwords they ferret out applications and send out lengthy questionnaires. >> michael: i'm about to talk about some of the things that have been obscured by all of these scandals which is immigration. it's a big part of president's--what he wanted out of his second term, and everything has happened since then. can he win on this by winning on immigration on the hill and make these things go away because they really don't touch him you know, the irs. >> i talked to mike mccurry who was in the press when clinton was in the white house. there was a finance scandal but then you had leon panetta, newt gringrich as speaker negotiating a balanced budget deal. governing went on despite the onslaught of campaign finance stories, and
FOX Business
May 11, 2013 8:00pm EDT
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FOX Business
May 16, 2013 6:00pm EDT
street regard it? >> no differently than main street america. nobody likes to pay taxes but we all do. but the fact that they targeted a group, quite frankly we're not surprised because we just assumed that was going on whether the current administration but they have the power to do it and said lead now we found out that they do. gerri: i don't think it is just the irs witt they are losing trust and faith in all types of institutions. people were asked you have confidence in the military? seven 5% yes. small-business, a 63 percent yes. big business 21% yes. then you fall off the wagon. congress 13%. looking at congress, the big agencies people are losing faith. >> look at the fda and epa with the lack of certainty now the irs you throw in benghazi and the ap debacle and it is outrageous the president hopefully not or his underlings are using their political power to effectuate serious problems with american citizens and the public deserves better. gerri: they do. a lot of famous hedge fund managers they all talk about how they don't believe in the fed and they think ben bernanke who
FOX News
May 19, 2013 8:00am PDT
, not only was the irs giving the conservative groups unfair scrutiny, but they were leaking private tax information to the public -- also for political reasons. ryan is promising to figure out whose idea that was when who at the white house could have possibly known. >> we are going to continue to get to the bottom of this -- who knew? when did they know? why did they do this? how up in government did it go? people have no trust that their government is impartial. this is arrogance of power, abuse of power to thenth degree. >> we shouldn't expect to hear president obama discuss the specifics because his adviser, dan pfeifer echoed what the president has already said, that it would be inappropriate to comment until the investigation is finished. jamie? >> peter doocy, live from washington. thank you. >> keeping on that topic, lawmakers who held the first congressional hearing into the scandal saying they, quote, need to dig a lot deeper. here's a republican congressman, a member of the house mays & means committee, calling for that wider investigation that we have been speaking of. congr
May 11, 2013 9:30pm PDT
's to pass the senate bill that would levy a one cent tax to prevent childhood obesity >> thank you. i want to have a brief, brief conversation about this urging the california state senate to pass a bill 622. i have a couple of southerners it has to do with the attacks on sugary drinks. we don't have healthy food options in the south they're very, very compromised. i see this as possibly a regressive tax on poor communities so i'd like to ask the sponsor of this to talk and walk us through this a little bit >> supervisor campos. >> let me make sure i put my diet coke away. colleagues any suggestion is we continue this item for a week to have the opportunity to have a meaningful conversation >> supervisor campos has made a motion to continue this for a week. >> call next item. >> mr. president, the item 25 will be continued to be for next week. and this is urging the united states senator to pass the comprehensive immigration reform a focus on family unification to creating a citizenship >> and is meeting continues president chiu. >> thank you very briefly we know as a body have pass
May 18, 2013 6:30am PDT
of the fiscal cliff americans saw their payroll taxes jump. in a new study from the new york fed finds the rise in payroll taxes is going to cause payroll to cut their spending by an average of $720 this year. there's the fiscal cliff, also that payroll tax holiday that went away. you've been a long time proponent of exempting the first $15,000 from income tax. do you think that could generate jobs growth? >> yes, it could generate jobs growth. certainly we could make up the difference if you lose some money, the federal government loses money by exempting the first $15,000 for social security you just lift the lid on the percentage or the amount of money subjected to social security taxes. and that would be not only good for the economy, but it also would be a move in the direction of helping the middle class. you know, one of the hidden issues here, christine, is not only do we have a very slow jobs recovery but most of the jobs being created pay less than the jobs that were lost in the great recession. so the quality of jobs is a problem as well. >> and that's -- when you talk about the chan
FOX Business
May 12, 2013 10:00pm EDT
geico are investing in technology & finance. welcome the state where cutting taxes for business... is our business. welcome to the new buffalo. welcome to the new buffalo. to give your business a new edge, the edge you can only get in new york state. to grow our start your business, visit over any other carrier? many choose us because we have the largest 4glte network. others, because of our reputation for reliability. or maybe it's because we've received jd power and associates' customer service ard 4x in a row. in the end, there are countless reasons. but one choice. is back. coming up gerri: buying your home, selling it for profit. the worst crisis in 80 years. flipping a home could boost your bottom line big-time. how do you do that? joining me now is peter pasternack, host of the show flip this house. before we get to the housing, can you tell me that the safe thing to do right now? because this could be a bubble economy and housing. >> well, thank you for having me on the show. you know, the thing about this is that so many people see things on tv like our sho
FOX Business
May 16, 2013 7:00pm EDT
of last year, about his agency's practice of targets conservatives, and tea party groups applying for tax exempt status, miller failed to inform congress for more than a year even as he wrote numerous letter to congress in which he explained how tax exempt approval, the process, worked. treasury secretary jack lew. did not speak about the irs admission for 5 days. he waited 5 days before making any sort of comment to the american people, and state department, who could forget former secretary of state hillary clinton's fiery response to questions about her role in the troubin!! scrubbing of infan rice talking points. >> we have 4 dead americans is s is it because of a protester guys out for a walk some night, what difference tip does it make? lou: that difference could turn out to be an historical one that could shake the administration that miss clinton served for 4 years, a white house document dump of post benghazi e-mails revealed that saturday before ambassador susan rice's 5 talk show appearances mrs. clinton'st chief of staff was involved in the final revisions of the talking point
FOX Business
May 19, 2013 12:00am EDT
they skirt taxes are liability but on your phone you decide what the donation is there is a suggested donation and you can add not a tip that something on to that. john: if you are cheap than the next driver knows and may not pick you up. >> is another incentive to be a good customer because you are bumped up if the driver is looking for people to donate well or rate with a high rating. john: a regulator said it is public safety threat when we get in the cars it is a concern it is on the mos interesting as we doowit some people do not want to drive and paid money every single time and it is a great alternative. >> the background check was so thorough we had to wait a week tohoot the segment because to go to the dmv in criminal background and proof of insurance social curity number and driver's license. i am a little worried. [laughter] john: why? >>, on. you know, the power of a the must negative. need you ask? see the pink mustache? i see these all over the place and that is how you know that your lift has arrive not only can you see that the car is approaching and you see that pink
FOX News
May 18, 2013 12:00pm EDT
took over the tax exemption business in two whwhere are 09. they are questioning now why she will make decisions about obama care. >> if we learned anything this week theires needs less power and not more. it turns out the irs official that oversaw the part is now in charge of obama care office. you kent make this stuff up. >> democrats said joseph graham didn't find out until six months after ingram was a signed to the different division. >> you are satisfied with miss ingram in charge of the irs responsibilities? >> i heard show has a high degree of professionalism and not in a position of responsibility over the actions. >> the outgoing irs acting commissioner stephen miller pushed out because of the scandal called ingram a superb sufficiently service. show will provide the same horrendous customer service implementing obama care as she did managing the tax exempt office. ntea party express chairman amy crammer said it is a symptom of a larger issue. great to have you here. >> letty talk about what is at play. i know the tea party groups are planning to sue the government. are you g
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